Lincoln Electrical Company's Strategies - Essay Example

The writer of the paper "Lincoln Electrical Company's Strategies" gives answers to questions about two strategies that Lincoln Electrical Company used to ensure the competitive advantage over rivals. Due to it company expanded its customer base and improved productivity…

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The company ensured that the employees interacted freely with the management and that compensation and reward corresponded to performance. In essence, the company ensured that employees felt valued an important in the company and that their needs were cared for by the management. 4. The approach to deliberately motivate employees through reward and free interaction by the management ensured that employee satisfaction was always high. Cost reduction also functioned to motivate employees because the saved revenue was transferred to the employees. However, the emphasis the company placed on performance functioned to motivate the employee to increase their productivity. The piecework compensation strategy functioned to motivate employees to work harder. In addition, the paid for holidays and the rewards functioned to improve employee satisfaction. 5. The classical approach to the human resource is that employees are an asset to an organization and not a liability. Therefore Lincoln ensured that it always invested in the employees to increase their productivity. The scientific approach had viewed human beings as a people who do not like working naturally and that responsibilities should be broken down into smaller tasks for motivation. Lincoln employed the classical approach in the management of its human resource. 6. Lincoln's approach to TQM, quality control, and quality assurance was to employ an in-house strategy to ensure that the employees owned the quality control and quality assurance processes.
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Abraham Lincoln became a martyr following his assassination in 1865. In history books, he has been portrayed as a crusader in anti-slavery. In death, he became a great emancipator. However, he refused to play this role in life. The interest of Lincoln in slavery seems to be a political as opposed to a moral agenda.

To qualify and delineate one from the other, the cost leadership strategy was specifically described as “gaining competitive advantage due to the lowest cost of production of a product or service” (Definition of

Although, they have wide range of products in their portfolio, arc-welding products are their mainstay business. It is because Lincoln Electric mainly started as the manufacturers of arc welding equipments, and has been one of its leading manufacturers for many decades throughout the world.

Factors in the political environment that affect the cutting and welding industry include political uncertainty in countries such as Venezuela and international terrorism. Factors in the economic environment are the costs and availability of energy and raw materials.

After reviewing the whole company through the process of Porter's analysis, SWOT analysis, and service blueprinting, I have gathered certain issues, which if handled the company can do hundred times better then their current output.
Wallace Brithinee Sr.

3. The management of the electrical company has ensured that they motivate their employees by looking at their behaviors and learning the best the best ways that they work. This ensures that they perform better in their different areas

2 Pages(500 words)Essay

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